Proficio Capital Partners LLC Buys Shares of 22,073 Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Proficio Capital Partners LLC acquired a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 22,073 shares of the financial services provider's stock, valued at approximately $901,000.

A number of other hedge funds have also recently made changes to their positions in BATRA. Pacific Global Investment Management Co. grew its stake in Atlanta Braves by 5.1% during the fourth quarter. Pacific Global Investment Management Co. now owns 5,147 shares of the financial services provider's stock valued at $210,000 after acquiring an additional 249 shares in the last quarter. SG Americas Securities LLC grew its position in shares of Atlanta Braves by 25.6% during the fourth quarter. SG Americas Securities LLC now owns 4,711 shares of the financial services provider's stock valued at $192,000 after purchasing an additional 959 shares in the last quarter. Quest Partners LLC increased its holdings in shares of Atlanta Braves by 62.9% in the third quarter. Quest Partners LLC now owns 5,312 shares of the financial services provider's stock worth $224,000 after purchasing an additional 2,052 shares during the last quarter. Brown Brothers Harriman & Co. boosted its stake in Atlanta Braves by 460.9% during the third quarter. Brown Brothers Harriman & Co. now owns 2,653 shares of the financial services provider's stock valued at $112,000 after buying an additional 2,180 shares during the last quarter. Finally, R Squared Ltd bought a new position in Atlanta Braves during the fourth quarter valued at approximately $96,000. Institutional investors own 12.31% of the company's stock.

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Insiders Place Their Bets

In other news, major shareholder John C. Malone purchased 2,760 shares of the stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average price of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the acquisition, the insider now owns 214,118 shares of the company's stock, valued at approximately $8,990,814.82. This trade represents a 1.31 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have acquired a total of 47,692 shares of company stock worth $1,980,287 over the last quarter. Company insiders own 4.83% of the company's stock.

Analysts Set New Price Targets

Separately, Benchmark restated a "buy" rating and issued a $60.00 price target on shares of Atlanta Braves in a research report on Thursday, February 27th.

Atlanta Braves Trading Down 0.1 %

NASDAQ:BATRA traded down $0.04 during mid-day trading on Tuesday, hitting $43.31. 26,116 shares of the stock traded hands, compared to its average volume of 36,929. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -59.33 and a beta of 0.73. Atlanta Braves Holdings, Inc. has a 52 week low of $38.90 and a 52 week high of $46.65. The firm's 50 day moving average is $42.75 and its two-hundred day moving average is $42.31.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The firm had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. On average, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.